Episode Summary

If you ask an investor to list the sectors that dominate the Canadian stock market, they can usually do so in a single breath: banks, oil, and mining. This extreme concentration stands in stark contrast to more globally diversified markets, such as the United States, which span technology, healthcare, consumer goods, industrials, and financials in far more balanced proportions. This season-finale episode explores the structural and historical forces that shaped the Canadian index—including our resource endowment, banking structure, small domestic market, and foreign ownership restrictions.

We expose the hidden correlations that turn a seemingly diversified Canadian portfolio into a concentrated bet. We also explain why your day job is the most important—and most ignored—asset in your financial plan, s ...